"Economic Genius! Let's Have a $50 Minimum Wage!"
May 13, 2025
"Everything is easy, as long as you don't have to consider reality."
"Everything is easy, as long as you don't have to consider reality."
Encouraging but we have to wait for a while to see if these indicators last.
"However by the 2010s every small city had multiple craft breweries, plenty of tikka masala, and anyone could have instant access to any movie or music with the click of a mouse. Even getting ahold of an obscure old camera or record could be done with a click. Therefore sophisticated taste in food, music, films, etc. was no longer an effective cultural separator between someone who lived in Greenpoint or U Street and someone who lived in Tulsa or Jacksonville."
Unfortunately, no.
Joe Biden encouraged 10 million or more illegals to cross our borders. It was the worst violation of the rule of law in American history. And now every one of the 10 million is supposed to get a trial before being deported?
Terribly sad or hilarious: you decide.
Excellent piece by Glenn Reynolds on a topic that should be covered in all Econ 101 courses but probably isn't in most: we're told that government should handle the externalities that the market creates, but what about the externalities government action entails?
Fine piece by David Friedman. Summary sentences:
Actors on the private market usually pay most of the cost of their actions and receive most of the benefit. Actors on the political market rarely do either. On the private market, market failure is the exception. On the political market it is the rule.
I'm glad and grateful I don't live an area where stores have to lock up so much stuff.
The "unthinkable" being our country descends into "a 1970s Belfast or Beirut in terminally-divided interfaith, interethnic communities. places where intractable conflict thrives."
"Trump ends Biden’s migration crisis in no time."